SINGAPORE (June 24): Maybank Kim Eng is keeping its “positive” outlook on Singapore’s telecommunications sector, even as local media reported earlier this week that fourth telco contender MyRepublic is struggling to raise funds.

MyRepublic, one of the frontrunners in the race to be Singapore’s fourth mobile network operator, is coming up empty in its bid to raise $250 million to build a nationwide network despite its appointment of two major investment banks – Goldman Sachs and DBS.

(See also: Singapore telcos ‘positive’ even as new players wait in the wings: Maybank)

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